This is an interesting setup.
On 4H TF, we have a strong break of TDI and PAC with RSI being still over 50.
On daily we are still in a strong bullish movement but with some divergence, that should indicate at least a pullback if not a reversal.
As usual I target a fib retracement and will update depending on TDI movement.
On 4H TF, we have a strong break of TDI and PAC with RSI being still over 50.
On daily we are still in a strong bullish movement but with some divergence, that should indicate at least a pullback if not a reversal.
As usual I target a fib retracement and will update depending on TDI movement.
Note
Good start for this trade. On 4H TDI is going flat so we should see more consolidation.Note
Trade active
TP1 hit! Close half position here, set SLb/E and we're set for a "risk free" trade until TP2 (1.28949).Trade closed: target reached
Ok... TP2 hit. I planned to split it let it run a bit... but not enough time.Good trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.